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edition of "the five", i'm dana perino and this is a fox news alert. you are looking live at the white house and capitol hill as the clock ticks down toward 2013. there are just 28 hours before the nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans ba
. that's the fiscal cliff. we reach the brink in two days. let's go live now to dana bash on capitol hill. because of news of a setback. dana, what do we know? >> that's right. we got this word from democratic sources about a half an hour ago. maybe a little bit more. that they consider a major setback to be going on right now. a poison pill, something that the republicans offered last night and democrats rejected today. it's called technically chain cpi, the buzz word for it. what it means for real people and real terms, would be that social security recipients would see smaller checks on a monthly basis and that's why democrats are saying that this is a nonstarter. the president did propose this to the house speakers as part of a larger deal. he even talked about it again this morning on nbc, the president. but democrats are saying that they simply do not see this in this miner, smaller mini deal. they don't want to deal with the entitlement issue at all until a later date when they can deal with it in a broad sense. here's an example of what we heard a half hour ago from the republican
? >>> lots of people on vacation, dana. a winter storm may be headed your way. for all of the people traveling, 93 million americans on trains, planes, and automobiles. what it means for your holiday travel plans. good morning, welcome to "starting point." chilly in new york city. 7:00 in the morning. i'm alina cho in new york. >> and i'm dana bash in washington. monday, december 24th. christmas eve. "starting point" begins right now. >> and our "starting point," a u.s. contractor in kabul gunned down and killed this morning by a woman wearing an afghan police uniform. it happened inside kabul's police headquarters. the latest in a string of suspected green on blue attacks that are hitting morale and eroding trust in allies there. our pentagon correspond respondent barbara starr up early for us working her sources. joins us live from washington with more. >> good morning, alina. in the last few minutes, our nato sources are confirming privately that, indeed, it was an american citizen. a contractor shot and killed by a woman, an afghan woman in a police uniform inside kabul police he
in dana bash on capitol hill. when you think about it, both sides are not happy with what's taking place, at least what they're talking about. i know you have some new information on at least what the republicans are suggesting when it comes to those massive spending cuts, some kind of delay in the process. how would that work? >> reporter: well, this is according to democratic sources. i want to be clear. congressional democratic sources saying that republicans specifically mitch mcconnell who is the lead negotiator, what he is proposing is to delay that sequester, the spending cuts for three months, so 90 days. what democrats here on capitol hill want to do is delay it for at least a year. so there is a very interesting dynamic shaping up right now. this probably is a good illustration of that. you you mentioned right at the top that the negotiations are going on now between primarily senate republican leader and the vice president, not the democratic leader. so they're certainly in the loop i'm told in a very constant way, the democrats here on capitol hill. but the fact that they let
velshi is in new york, dana bash is live on capitol hill. we will start with you, dana. what has gotten lawmakers now not seeing eye to eye? >> reporter: actually, let me answer that by asking one of the members of the senate republican leadership, senator john thune, who just came out of the senate republican meet egg. senator, can you tell us where do things stand as far as republicans feel? >> well, look, republicans advanced a proposal last night. you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing to discuss this and we think there perhaps still could be a path forward. the one thing that is a, you know, democrats come out and made a big deal out of chained cpi, republicans are very concerned that if that not be used as an offset to reduce or to replace some of the spending cuts that you would occur in the sequester
good-bye to the "odd couple's "cigar-chomping oscar madison. i'm dana bash. alina, merry christmas. >> merry christmas, everyone. it's tuesday, deebs 25th. "starting point" begins right now. >>> and our starting point, those dreaming of a white christmas may be paying for that this morning. extreme weather is on the way this christmas day. millions could be in store for a foot of snow or more. it could even be a rare white christmas down south, along with a threat of tornadoes. bonnie schneider is tracking the holiday storm and, hey, good morning. >> good morning and merry christmas. unusual to see a snow storm set up here in oklahoma and in arkansas, and when you're looking back at the records some of the places highlighted in pink are going to see a white christmas and a snowfall going through christmas night. that hasn't happened in 80 years. what else is unusual. blizzard warnings. pop up in areas across arkansas as well as lower sections of illinois and kentucky, including paducah so this storm will really energize later on tonight, and right now though it's a wintry mix of sn
to dana bash, monitoring developments on capitol hill and dana, while the talks are at a standstill, i can see these trying to talk us to, not sure how this will go. let's try any watch the vn now primarily a part of the negotiations, how did that happen and i can see -- dana, can you hear me all right? >> reporter: yes, i can. sorry about that >> so i was just saying, the vice president now has been called in as part of these negotiations is that inspiration or desperation at this point? >> reporter: um, i would think it's an inspiration but we will have to see. you know, what's going on here appears to be that senator reid, the democratic leader is playing bad cop and joe biden is playing good cop. he certainly has a long history of talks and bipartisan negotiations with mitch mcconnell. i want to, over the past hour, we have spoken to two republican senators, i wanted to talk to claire mccaskill, thanks very much for joining us, they just ended their almost two-hour meeting, martin, two hours, what was going on in there behind those door? >> i know you will be shocked to hear that a lot
with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. tell us what the main point of contention is now. >> there are few according to sources in both parties. the biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymen's terms and in terms that matter to many americans, it would effectively make social security checks lower each month. >> we learned this from sources earlier. the senate majority leader, harry reid went to the senate floor and talked about the snag. list ton what he said. >> the one thing i do want to mention is that we're not going to have any social security cuts at this stage, that doesn't seem appropriate. we're open to just discussion about entitlement reforms, but we're going to have to take it in a different direction, the present status will not work. we're willing to make concessions as part of a balanced comprehensive agreement. but will not agree to cut social security. with 36 hours left until th
'm alina cho in new york. >> and i'm dana bash in washington. john and zoraida are off. >> a developing story in afghanistan. an adviser to the afghan police has been shot and killed by a woman wearing an afghan police uniform. the latest in the series of green on blue insider attacks and our pentagon correspondent barbara starr joins us live with details on that. good morning. how unusual is this? >> well, alana, sadly this is a story we've report sod often during the year, haven't we? the details on this attack are different in one respect. as far as we know this is a case where a woman, an afghan woman in a police uniform conducted this shooting and killing. a contractor in cab uhl police headquarters. the nato alliance has already announced the incident but not said the nationality officially of the contractor involved. this typically does not happen where the perpetrator is a woman. they are going to have to determine, of course, if she really was an afghan police officer or perhaps the uniform was stolen or she somehow came into possession of it. a continuing issue in afghanistan
if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democratic support on $250,000. harkin said he's not happy with the idea that democrats are talking about keeping the estate tax cut in place, which also e
should try checking in with dana bash. she will have the first word on that. >> let's go to dana bash right now. first of all, the reaction to the president's remarks. we heard some biting criticism that the president was inappropriate in saying what he said at this sensitive moment. >> reporter: that's right. i'll get to that in one second. to answer your question, we don't know yet about the senate, but we do have a little bit of news that jessica alluded to, and that is the house will break tonight. we reported earlier this is likely. now it's official. the house will break tonight, new year's eve, december 31st, the night of the fiscal cliff, without voting on the fiscal cliff package. they're going to likely come in, if there's something to vote on tomorrow, and vote on it then. this is a procedural reason because they just don't have anything to vote on. it's also politically advantageous because house republicans and democrats are now going to be able to vote on effectively a tax cut, not a tax increase, because taxes go up january 1st. i think the best way to answer is by tell
. senior congressional correspondent dana bash joins us now from capitol hill. jessica yellen on the north lawn tonight. dana, i'll start with you. you listened to big talk on the intro. today was finger pointing and political chicken, but both sides will be talking to each other tomorrow instead of at each other. what is the latest on that? >> that's right, they're going to all be going to the white house. when i say all, i mean the top four congressional leaders, democrats and republicans, to sit down with the president. i'm told by a senior democratic source here in the senate that the expectation is if they can't figure out a path forward over the next three days in this meeting tomorrow, a way to actually pass something to avert the fiscal cliff, then it is very likely, almost definite, that we will go over the cliff. i have to tell you that sources in both parties think that's the likelihood at this point anyway, but this meeting tomorrow is absolutely going to be crucial. and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes t
the most carefully laid plans. let's bring in dana milbank and msnbc contributor jonathan capehart also of the "washington post" to help me sort out how does a man get it done in the second term? dana, you know, they say that the second term a president really has about 18 months to get anything done and after that you're pretty much a lame duck. now, of all the things i just listed, what do you think he should and what do you think he will try to tackle first? >> well, karen, first of all, i don't think he needs to surrender to the idea that he only has that 18-month period. it's not without precedent to achieve things later in the term. so, first of all, it's not necessarily such a narrow window. the other thing is assuming we have to do something with the fiscal cliff here, but even once that's done and presume lbl awhat we're looking at now is more of a smaller short-term fix, that doesn't mean he's going to take his eye off the economy. he learned the lesson of this early in his first term when he said, okay, we took care of that, we did the stimulus, let's move on to health care.
relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that house republicans have clearly rebelled against john boehner, can
congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generally see when the senate opens which is the pledge of allegiance, a prayer and so forth, if you see the bottom of your screen, i'm not sure if you can see it, white hair, that is harry reid, the senate majority leader. it may be we will hear an update from him. maug maybe we should listen to th the. >> prayer. >> let us feel your presence today on capitol hill, as we gather with so much work left undone, guide our lawmakers with your wisdom. lord, show them the right thing to do and give them the courage to do it. be their shelter in the midst of the storm, regardless of how high the waters rise. when they feel exhausted, remind them of the great sufficiency of your grace. look with favor on our nation and save us from self-
correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, december 31st tomorrow, to reconvene. however, senator reid did say, don, that talks will continue tonight, so that is a good sign at least that the talks are continuing, but the fact that they are not voting tonight when everybody expected this would be the last, the last threshold tonight is not so good. no
and losers for 2013. >> good question. great to have you both on the show. dana, retailers saw the weakest holiday sales since 2008. a lot of things being thrown at the american consumer, the tragedy in connecticut, sandy, fiscal cliff, everything. with that in mind where do you see consumer spending, consumer discretionary spending next year? >> i think in 2013 there's always a place that excels in consumer discretionary and it's based on product, price and where they can expand in terms of channel extension. in 2013 i think we'll see names like nordstrom where they are accelerating the rate of growth. i think we'll see urban outfitters continue their turnaround, perhaps in an accelerated pace in 2013, and i think you're going to continue to see, particularly in the first half of the year, the demand for products from michael kors do well. second half of the year is a different story and perhaps the turnaround of tiffany's to be the name for the second half. >> meantime, r.j., i think you would agree retail remembers scrambling right now because consumer confidence is plunging. three repo
christmas, dana bash. >> you, too, alina. i'm dana bash in d.c. let's get started. up first. be careful what you wish for. those dreaming of a white christmas could be in for a whiteout. extreme weather is on the way christmas day and on the way for many. millions could be in store for a foot of snow or more. it could be even a rare white christmas down south along with a threat of tornadoes. more on the holiday storm and all the delays. good morning, merry christmas. >> merry christmas. >> give us the good, the bad and the ugly. >> unfortunately, for travelers, yesterday was pretty bad but today could be worse. dangerous lightning flaring up at this hour across louisiana and arkansas and behind it snow starting off as a mixture of sleet and freezing rain in places like oklahoma city and little rock, arkansas. lightning moving into dallas and stone yo this hour, so the severe weather threat in terms of tornadoes exist today across a good portion of the gulf coast and the south, including jackson, mississippi down to hattiesburg and pensacola and as far west to beaumont, tecumseh, a widesprea
hopefully to come up with some kind of deal. dana bash is flling this on capitol hill. i imagine we're all working over the holidays and i fess we're going to be working as long as they are working. hopefully they're going to get something done. we heard from house speaker john boehner earlier today. where is this? clearly it looks like now it's in the senate's hands. >> that's right. it is absolutely in the senate's handings, has been effectively since the house speaker failed to pass his so-called plan b proposal last week. and so what is going on behind the scenes right now, suzanne, is the senate democratic leader is trying to figure out if he can cobable together enough votes, which would mean he would have to have probably significant crossover to get some votes to at least pass the bear bare minimum to ahouseholds with incomes of less than $200,000. >> the speaker has just a few days left to change his mind but i have to be very honest, mr. president. i don't know time-wise how it can happen now. >> so there's a time issue because we're only five days away, but most importantly ther
in our congressional correspondent dana bash. dana, i was just sitting here imagining someone turning on their tv thinking, what a these people talking about? and i think i would sort of boil it down to this. when they are talking on the floor, that's never a good sign. they should be talking in a back room. they have gotten nowhere. we are where we are and nobody has agreed on to come up with something. >> reporter: that is right, candy. this is the kind of stuff that we watch and people who watch c-span watch but people who are really tuning in to find out what matters to them, which is are their taxes going to go up in five days got a pretty good idea of why they are so deadlocked. blue slip, which is a question of process, tax bills, can can they start in the house or the senate, and as you said, talking about the history of where things went wrong. but that's not what people want to know. people want to know what's going to happen going forward and they really got their answer, which is, it is tied up in knots. what has been talked about behind the scenes -- and the president act
been negotiating with. dana bash is doing some digging, so does david gergen and the rest of our political insiders. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days later. with lifelock, as soon as our network spots a threat to your identity, you'll get a proactive risk alert, protecting you before you become a victim. >> identity theft was a huge,
. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a few meetings internally, but mostly, relatively quiet. i expect we will see more from the president, perhaps we could even see him publicly tomorrow. perhaps he could even meet with or talk to some of the congressional leaders. the president's role in all of this, he can get each of the leaders to come closer on what the white house believes is already, pretty clearly, the framework for a final deal, and he can also go out and lobby the american people to pressure congress to get something done. again, the democrats are insistent that they have been clear on the outlines of what a deal would look like, to raise ta
? let's go to dana bash. dana, what do you think? is it promising? can they go it now? >> reporter: well, let's start there. it certainly has happened before between these two men, and it's happened before when democrats on capitol hill are either split or have gotten, frankly, just too frustrated with the republican counterparts to have conversations to be able to find bipartisan agreement. these are the two men who negotiated an extension of the bush era tax cuts for two years. that happened two years ago when republicans had a lot of political capital because they just won the house in a big way. whether or not these two men are actually going to be the ones to strike a deal, we're not sure, but we are told, our ted barrett and jessica yellin and i are told by multiple sources that it does seem that at this point, at this late hour, the talks are primarily centered around and between these two men, between mitch mcconnell, the senate republican leader, and joe biden, the vice president. harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of wha
service learning. congratulations. dana, or laura, if you would like to come up and say a little something. >> hi. i am the international program manager at world savvy. i was introduced to this organization because my roommate several years ago pulled me out of bed on a saturday at 7:00 a.m. and when i got there i was amazed at what i found. it was excitement on young people's face as they talked about food security and nutrition internationally. they were high schoolers and it was the world affairs challenge, which is now called the world savvy challenge. the program that we are represent right now is our international programs, our newest program as stated is a fully funded program for youth
they are will are have to vote on. a lot of digging tonight for dcc's dana bash. >> how likely are we to see a vote and time to avoid going over the cliff? >> it is in part the reason why housep republicans didn't make a decision to bring the house back. at this point what they are trying to figure out is whether or not they can find enough republican ares to cross party lines for what the president proposed before he went to who why. focusing on what he campaigned on. it is a big ask to get ten sep at republicans to ask them to cross over. >> so what more do we know then. it is still being crafted and that is the dance that is being down. what do democrats have to put into this. is there anything that they can do? voting for the president's plan would ace taxes. perhaps democrats think if they can add the extension of the state tax cut. that is part of the negotiation that is going to go on between the scenes. >> the reason is because they know the reality is, and we have seen it time and time again. congress acts when they are up against the deadline. we are close to it. but it won't be until the
dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their control like the economy and the fiscal cliff? >> i think overall it was more probably 70 to 80% factors beyond the retailer's control. i think retailers had creative merchandise but i think the news didn't lead to a feel good factor. >> in any economy, good or bad, you always have some winners. who did really well this year? >> well, it looks like in terms of who did well so far, companies like american eagle outfitters limited, michael cors, macy's' tj and i would say costco was also a winner. >> on the flip side were there retailers that you had high hopes for going into the season but just didn't deliver in the end. >> certainly we will see some becoming more promoti
is telling us no, that is not the case. i got jessica yellen standing by and we have dana barb who is standing by and they are there on capitol hill. what is the mix up between sending a plan and not sending a plan by the president? >> hi, john. the bottom line is both sides want to take action and before senat senator mcconnell decides whether to filibuster the measure and whether the other republicans in the party will filibuster, they have to see the details in the proposal. will there be an estate tax provision? how will unemployment which is expected to be extended? will it be paid for? what spending measures will be in this and spending cuts, etc. there will be more details spelled out and where will that come from? will it come from a phone call and staff here at the white house and spelled out by the staff of the senate majority leader harry reid. all that was is yet to be determined. perhaps senator connell's office believes it will come from different sources and there is a lot of potential for confusion with such little time left and so much pressure on the line. dana mi
around out there. dana bash talking to her sources on capitol hill, she says there's kind of a push for us to go over the fiscal cliff and then taxes will rise, right, but then congress will reconvene on january 3rd and vote to cut taxes. is that appliable solution in your mind? >> it kind of it, pretty much what i feel will happen. they have a little bit of wiggle room. the majority of this is not going to be felt until 2014 for the majority of the income tax rise so that causes congress to force them to make a deal knowing that we actually are operating under a higher tax rate right now, even though americans won't feel it, so it's almost like an additional leverage for those who actually want to make a deal and get something done. i just want somebody, like starbucks, we all need to come together. >> and quit kicking the can down the road, darn it. >> exactly. >> ryan thank you for being with us this morning. >> thank you. >> ryan has been with us all week tackling the fiscal effects on your pocketbook. tomorrow, what the fiscal cliff means for your retirement. >>> from the stran
, dana. "cnn newsroom" with carol costello starts right now. >>> twas the day before christmas, and malls around the country expected to be packed. millions of last-minute shoppers scurrying to stores to finish their shopping list. are you one of them? plus this. >> shame on the nra! ban assault weapons now! >> remember her? she disrupted a live statement by the national rifle association. how did she sneak past that big sign -- how did she sneak that big sign past all that security? we'll ask her live. >>> politicians, dignitaries, and even a musician. cnn tallies your votes for the most intriguing person of the year and counts them down for u and a small kid making a big difference. this little girl wins a trip of a lifetime to paris, and her actions after that get support from the whole community. >> dear santa, i'm gabriela, the one with the tumor. this is my motto, and i think you should use it too. you might have a bad day today, but there's always a bright star to look forward to tomorrow. >> hear what she did to help dozens of other children fulfill their wishes. "newsroom" starts
on incomes over a million dollars while sparing everyone else. dana bash is our senior congressional correspondent. dana, this time tomorrow, the president is supposed to be back, having cut his trip to hawaii short, the first lady, the girls are staying in hawaii. the senate is supposed to convene, but not necessarily the house. what is going to happen? >> reporter: well, we're not really sure. in fact, house republican leaders are having a conference call, i'm told, as we speak, to figure out that very question. they told their members that they would have 48 hours notice before they reconvene the house and so at the earliest, that would be on friday. but, you know, the action really is now going to begin in the senate. there isn't that much of a rush for the house to come back. and when i say action, even that is a question mark. whether there will be action. i was talking to a democratic source who said right now what they had to figure out, victor, is whether or not harry reid working with the white house on this can get enough votes from republicans to cross party lines for eve
to capitol hill now and our senior congressional correspondent dana bash. how do we expect to see things unfold over the next couple hours. we have a little over 30 minutes before they convene? >> that's right. we are told not to expect any big break throughs to be announced when they come in. but they are coming in at 1:00. i'm told by an aide to senator mitch mcconnell, the republican leader, we expect -- we should expect to hear from him. just to sort of give people a sense of the fact that they are still talking. again, don't expect him to show his cards because they are definitely still being held close to the vest because these talks are still continuing one floor below me where i am now. >> this morning, dana, both at 9:00 and now, so far, at noon, i've heard a lot of optimism from democrats and republicans. it's hard to tell often when a politician is about to get nailed for not doing something how much of this is wishful thinking and how much of it is actual. what are you picking up up there. >> i checked before coming on with you republican and democratic sources, they are sayi
, they can vote no. >> we're following the last-minute drama to avoid anything bad happening here. dana bash is covering the urgent talks in washington. ali velshi gives us the bottom li line. and alison kosik is on wall street watching how worried investors are reacting this hour. dana, we want to begin with you. we are hearing there might have been some progress overnight. >> a lot more optimism being expressed from sources in both parties. mitch mcconnell who the prime negotiator on the republican side just moments ago told reporters he spoke to the vice president, who is the prime negotiator now on the democrat side. so not totally all night, but they were up pretty late and early into the morning going back and forth making what again several sources say was significant progress. again, hate to say it, i have seen that movie before. i know you have too in covering similar negotiations like this. this is really, really been a roller coaster with people feeling optimistic and suddenly we hear things hit a snag. as you said, 14 hours to go. there's nothing like a deadline that really pushe
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of tax hikes and spending cuts due to start just five days from now. dana bash is in washington. great to see you. within the past hour, senate majority leader harry reid spoke on the floor. he really gave it to john boehner. he got pretty personal. >> he did. he really laid the blame at boehner's lap. talked about the fact that he was surprised that the house isn't even in session, which is true, but let's get real. the senate came back into session this morning. most importantly, he was very, very pessimistic about getting anything done before we reach that fiscal cliff. listen to what he said. >> the speaker just has a few d days left to change his mind, but i have to be very honest, mr. president. i don't know time wise how it can happen now. >> let me kind of lay out the state of play. i'll try to keep it out as much as possible. this is something everybody is focused on. the ball is in the senate's court right now. so what senator reid, who you saw earlier, and the president, what they are trying to figure out is whether or not they can craft what the president called a scaled-ba
, if any, they will have to vote on. a lot of moving pieces and a lot of digging for cnn's dana bash. i understand there were no decisions out of the call. do we have any sense what fellow republicans are telling speaker boehner? how likely are we going to see a vote before going over the cliff? >> it's up in the air. i'm told it is in part why house republicans didn't make a decision whether to bring the house back or when to do it. the ball is really in the senate's court, specifically with senate democrats. that changed big time since a couple of weeks ago. at this point what senate democrats are trying to figure out is whether or not they can find enough republicans to cross party lines for what the president proposed right before he left for hawaii which is a scale back, focusing on tax cuts and saying what he campaigned on during the entire campaign which is only keeping tax cuts in place for those under $250,000. it is a big ask to try to get -- by our calculation ten senate republicans to cross over. they think with the deadline they are up against it will be hard to go home and
, what we want to do now is go over to capitol hill and talk to dana bash just a little bit because as we know, when these big deals among leadership get announced, there is still the active job of selling it to the rank and file, both the democrats and the republicans, and, dana, i'll ask you directly, are you hearing from anyone who is saying anything about whether this thing will fly in the house and the senate? >> reporter: obviously it will start in the senate, that's where we'll first see if the votes are there. as i was saying to wolf before, it is very hard to imagine at this late day and this late hour that harry reid and mitch mcconnell will agree to anything that won't get a majority of votes in both of their caucuses. but then the next move is obviously going to be the house, which is where i am right now. i'm with a republican member of the house, darrell issa. thank you for joining us. can you react to what the president said? >> i think i'm pleased there may be a deal, bring some certainty to the american people. i'm disappointed that the president took the eve of what migh
shopping. shoppers hit the stores for the last time before christmas today. dana telsey is the ceo and chief officer of telsey group. we saw you day after thanksgiving, you said there was going to be sort of a hot -- that weekend was going to be big, there was going to be a lull, and it was all going to come back. has it turned out that way for you, dana? >> i think some of it came back. i don't think all of it came back. i think it was a tougher season than expected. you think you had the long calendar, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional
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